The following data refers to question 1. Please answer the questions below.

Months($M)	J	F	M	A	M	J	J	A	S
Sales ($M)	10.0	9.0	10.5	11.0	12.0	11.0	12.0	13.0	12.0

Assumptions:

50% one month after the sale

30% Two month after the sale

The remainder three months after the sale

A. Find the cash receipts for July:

B. Find the Accounts Receivable for August:

C. Suppose you have an expense $11.8M in July could you make the payment? Yes or No

Explain your answer including the loan that you should seek to meet the shortfall, if any (note that, you may have to find the account receivable for July to give a well-rounded answer here):